Destination Maternity plans bankruptcy that could come within weeks [MSNBC.com]
DESTINATION MATERNITY (DEST)
US:NASDAQ Investor Relations:
investor.destinationmaternity.com
Company Research
Source: MSNBC.com
Destination Maternity plans bankruptcy that could come within weeks Destination Maternity It is trying to find a buyer in bankruptcy, but if it is unable, it will likely be forced to liquidate, that person said. As with all bankruptcies, it remains possible Destination Maternity strikes a deal with a potential buyer or its lenders in order to avert filing for court protection. Destination Maternity has a market capitalization of nearly $500 million and $35 million in net debt, according to FactSet. For fiscal 2018, it reported a net loss of $14.3 million on sales of $383.8 million. The retailer, which employs a little over 1,100 full-time and 2,300 part-time employees, owned 458 U.S. stores as of February, according to regulatory filings. The company has 362 Motherhood Maternity Stores, 26 Pea in the Pod stores and 70 Destination Maternity stores. It operates additional stores globally and through franchise deals. Destination Maternity also runs maternity apparel departments in store
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